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SABA

Saba Capital Income & Opportunities Fund II
SABA

122 hedge funds and large institutions have $250M invested in Saba Capital Income & Opportunities Fund II in 2017 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 41 increasing their positions, 36 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more capital invested

Capital invested by funds: $212M → $250M (+$38.1M)

14% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 36

0.62% more ownership

Funds ownership: 11.76% → 12.38% (+0.62%)

4% less funds holding

Funds holding: 127 → 122 (-5)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

38% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 13

Holders
122
Holders Change
-5
Holders Change %
-3.94%
% of All Funds
3.04%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.1%
New
8
Increased
41
Reduced
36
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$5.67M
2
NSIM
North Star Investment Management
Illinois
+$4.92M
3
JFA
JNBA Financial Advisors
Minnesota
+$1.78M
4
RJA
Raymond James & Associates
Florida
+$1.25M
5
FIM
Frontier Investment Management
Texas
+$1.24M

Top Sellers

1
FIMG
Financial & Investment Management Group
Michigan
-$4.91M
2
RCM
Rivernorth Capital Management
Florida
-$705K
3
DA
Doliver Advisors
Texas
-$698K
4
CFP
Cornerstone Financial Partners
North Carolina
-$479K
5
SRC
Shufro Rose & Co
New York
-$337K
Name Holding Trade Value Shares
Change 		Change in
Stake
JC
126
JBF Capital
Colorado
– -$269K -20,000 Closed
OFG
127
OTA Financial Group
New York
– -$250K -18,854 Closed
AA
128
Ancora Advisors
Ohio
– -$235K -17,500 Closed
SPC
129
Sigma Planning Corp
Michigan
– -$170K -12,670 Closed
TC
130
TFS Capital
Pennsylvania
– -$119K -8,880 Closed
FCBT
131
First Citizens Bank & Trust
North Carolina
– -$89K -6,633 Closed
RCA
132
Rowland Carmichael Advisors
Arizona
– -$74K -5,500 Closed
DOA
133
D'Orazio & Associates
Virginia
– -$69K -5,113 Closed
AB
134
AT Bancorp
Iowa
– -$29K -2,145 Closed
GI
135
Gradient Investments
Minnesota
– -$27K -2,035 Closed
AssetMark Inc
136
AssetMark Inc
California
– -$16K -1,174 Closed
VWA
137
V Wealth Advisors
Kansas
– -$7K -500 Closed
2 3 4 5
6

SABA Hedge Fund Activity: Q3 2017 in Review

122 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Saba Capital Income & Opportunities Fund II (SABA) for Q3 2017, worth a combined $250M — up 18% from $212M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of SABA and 8 opened new positions — a net loss of 5 holders — while 36 trimmed existing stakes and 41 added.

The largest buyer was Wells Fargo, adding an estimated $5.67M. The largest seller was Financial & Investment Management Group, cutting an estimated $4.91M.

  • 122 institutional investors held Saba Capital Income & Opportunities Fund II (SABA) as of Q3 2017, down from 127 in Q2 2017.
  • Funds reported $250M of Saba Capital Income & Opportunities Fund II stock for Q3 2017, up 18% quarter-over-quarter.
  • 8 funds opened new Saba Capital Income & Opportunities Fund II positions in Q3 2017 and 13 closed out, a net change of -5 holders.
  • The largest Saba Capital Income & Opportunities Fund II buyer in Q3 2017 was Wells Fargo, an estimated $5.67M added.
  • The largest Saba Capital Income & Opportunities Fund II seller in Q3 2017 was Financial & Investment Management Group, an estimated $4.91M sold.

Based on aggregated 13F filings for Q3 2017.